1050                             Laws of Maryland                       Ch. 461

is a reasonable means of preserving the value of the business in-
cluding good will, (2) in the same business form for any additional
period of time that may be approved by order of court in a proceeding
to which all persons interested in the estate are parties, or (3)
throughout the period of administration if the business is incorpo-
rated after the death of the decedent ;

(p) Incorporate any business or venture in which the decedent
was engaged at the time of his death if none of the probable distrib-
utees of the business who are competent adults objects to its in-
corporation and retention in the estate;

(q) Exercise any options, rights and privileges contained in any
life insurance policy, annuity, or endowment contract constituting
property of the estate, including the right to obtain the cash sur-
render value, convert any such policy to any other type of policy,
revoke any mode of settlement, and pay any part or all of the
premiums on any such policy or contract;

(r) Pay any valid claim and distribute the estate as provided in
this article;

(s) When any assets of the estate are encumbered by mortgage,
pledge, lien, or other security interest, pay the encumbrance or any
part thereof, renew, or extend any obligation secured by the en-
cumbrance, or convey or transfer the assets to the creditor in satis-
faction of his security interest, in whole or in part, whether or not
the holder of the encumbrance has filed a claim, if any such act
appears to be in the best interests of the estate;

(t) Regardless of any contrary provision in the will, to execute,
upon the written demand of the owner of a redeemable leasehold or
subleasehold estate, a full and valid conveyance of the reversion or
subreversion held by the estate;

(u) Release or terminate any mortgage or security interest, if
the obligation secured by the mortgage or security interest was fully
satisfied during the decedent's lifetime or during the administration
of the estate;

(v) Make partial distributions, in cash, in kind, or both, from
time to time during the administration;

(w) Agree to deposit any of the assets of the estate with any
financial institution in such a manner that the assets cannot be with-
drawn or transferred without (1) the written consent of the surety
on the bond or (2) an order of court.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 28, 1970

CHAPTER 461
(House Bill 119)

AN ACT to add new Section 36A to Article 101 of the Annotated
Code of Maryland (1969 Supplement), title "Workmen's Compensa-